Saturday, February 17, 2018

THINGS TO CONSIDER WHEN GETTING A POINT OF SALE (POS) SYSTEM

I remember when my budding business brand is growing. A lot of my entrepreneur friends are already suggesting that it is best that I should already familiarize myself to a Point of Sale (POS) system to bring everything to ease. Being the newbie in the retail industry that time, honestly, I have a zero idea on what POS system is all about. So I did what I had to do — Research.

If you have a business, POS system is not new anymore to you. But to some who has a little knowledge as to what it is, here's a quick run through.

WHAT IS A POINT OF SALE (POS) SYSTEM

POS system is a computerized network operated by a main computer and linked to several checkout terminals.

If your business have a POS system, you can extract more information about your sales compared if you are just tracking it manually. POS software records your actual sales in real time which always makes your inventory records up-to-date. Since this guides and update your inventory, it could also help you calculate as to when you need to re-order your stocks since it can give you a detailed report on an item-by item basis. So in the end, when you run a report based on your extracted information, you can now make better decisions about ordering and merchandising.

Sounds good enough? It is, since it will greatly unload you with a lot of work in your business. Sharing you below four (4) of my favorite POS System features that made into my list.

TOP 4 THINGS TO CONSIDER IN A POS SYSTEM

1. EASY TO USE.

A software with a user-friendly graphical interface would be ideal ofcourse. So if you plan to get one, look for this quality.

2. HAS OPTIONS FOR SALES TRACKING.

One business is different from one another so it is best that you look for this feature since businesses gets paid in different ways.

3. SECURITY.

We do not want any of our staff get tempted to take unauthorized cash pay outs that's why it is imperative that we keep tight control over cash receipts especially in retail business. With a security feature on your POS, it can easily help you trace any problems by providing audit trails.

4. MORE PAYMENT OPTIONS

As you know it, added convenience means added customer satisfaction. While many POS systems are still stuck in accepting payments only from major credit cards like Visa and MasterCard, more people now —Millennials especially are paying for products with Apple Pay, Google Pay or Samsung Pay. So it is ideal that you look for a POS system that does accepts that.

There are plenty of popular POS software systems that can enable you to keep track of your business's cash flow like the new Clover POS. It's an app-based product that is taking the business world by storm. Its unique features mean it works well for nearly any business. With a Clover point of sale, it’s easy to run your retail business or restaurant smarter to every last detail and more efficiently allowing you to sell more and earn more so you don’t have to sweat the small stuff.

You see, whether you run a small retail business or a restaurant, you need a secure, easy-to-use point of sale system to keep your business organized and your payment system convenient enough. And that's simple as 123 — just talk to the experts at Merchant Account Solutions to keep your customers happy.